Categories: Economy

Moody’s projects India’s GDP to contract 7% in FY21

The US-based rating agency Moody’s has revised its growth projection for India, and now expects the economy to contract 7 per cent in fiscal 2020-21 (FY21). This is lower than its previous estimate of 10.6 per cent contraction. For the next financial year, FY22, beginning April 1, Moody’s has projected the economy to grow to 13.7 per cent, as compared to 10.8 per cent estimated earlier.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Important takeaways for all competitive exams:

  • Headquarters of Moody’s: NewYork, United States.
  • President & CEO of Moody’s: Raymond W. McDaniel, Jr.

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Which City is known as the Purple City of India? Know Here

India is a land of colourful cities, and each city has its own special identity.…

13 mins ago

Israel Appoints Roman Gofman as Mossad Chief Amid Rising Regional Security Concerns

Prime Minister of Israel Benjamin Netanyahu has appointed the Major General Roman Gofman as the…

2 hours ago

Sinner stuns Alcaraz to win Monte Carlo Masters 2026, reclaims World No. 1 spot

Jannik Sinner have defeated the Carlos Alcaraz to win the Monte Carlo Masters 2026 and…

2 hours ago

Which River is known as the Lifeline of Malaysia? Check Here

Rivers are very important for human life. They provide water, food, transport, and support many…

2 hours ago

Sujeet Kalkal and Abhimanyu Mandwal Grab Gold At Asian Wrestling Championships 2026

Indian wrestlers have delivered the strong performance at the Asian Wrestling Championships 2026. As the…

3 hours ago

India, Uzbekistan begin 7th edition of Exercise Dustlik from April 13

The 7th edition of the joint military exercise between the India and Uzbekistan 'Dustlik' set…

3 hours ago